Canadian Banc Corp Class A (TSE:BK) has released an update.
Canadian Banc Corp. has announced a monthly distribution for its Class A and Preferred shareholders, with payments to be made on October 10, 2024. Class A shareholders will receive $0.13913 per share, while Preferred shareholders get $0.06625 per share. This consistent dividend payout reflects the company’s investment strategy in a diversified portfolio of Canadian banks and a covered call writing program to enhance returns.
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